Which of the Following Liabilities Would NOT Be Found in the General

question 9

Multiple Choice

Which of the following liabilities would NOT be found in the general fund balance sheet of the City of Marmaduke?

• A)Accounts payable.
• B)Due to special revenue fund.
• C)Deferred revenue.
• D)Bonds payable, due in 5 years.

---

Definitions:

Low-Cost Financing

Financing obtained at a lower interest rate than the market rate, often through government subsidies or special programs.

Adjusted Subsidiary Value

An evaluation metric that adjusts the value of a subsidiary’s assets and liabilities to their fair market value.

Investment Account

An account held at a financial institution into which individuals deposit funds for the purpose of buying securities and other investment assets.

New Shares

Additional shares of stock issued by a company to raise capital or in connection with a stock split.